CARE ratings for Indian debt instruments-Dec 12

Dec 12 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of December 11, 2019. COMPANY

INSTRUMENT

RATING

AMOUNT MOVEMENT

(RS.MLN) -------

----------

------

------- --------- SHORT TERM RATINGS: ------------------- Aadarsh Pvt Ltd

ST Bk Fac

CARE A4

35

- Issuer Not Cooperating; based on best available information Global Ispaat Pvt Ltd

ST Bk Fac

CARE A4

35

- Issuer Not Cooperating; based on best available information Jal Exports

ST Bk Fac

CARE A4

10

Assigned Rhizome Distilleries Pvt Ltd

ST Bk Fac

CARE A4

105

- Issuer Not Cooperating; based on best available information Rohit Jewellers Pvt Ltd

ST BkFac

CARE A4

270

- Issuer Not Cooperating; based on best available information Tyre Technocrats (India) Pvt Ltd

ST Bk Fac

-

-

Withdrawn V.K. Valves Pvt Ltd

ST Bk Fac

CARE A4

30

Reaffirmed Vishwa Glass And Ceramic Pvt Ltd

ST Bk Fac

CARE A4+

30

Revised from

CARE A3 (Enhanced from 1.50 Crore) LONG TERM RATINGS: ------------------- Aadarsh Pvt Ltd

LT Bk Fac

CARE BB/Stable 70

- Issuer Not Cooperating; based on best available information Aatash Power Pvt Ltd

LT Bk Fac

CARE BBB

38.1

- (reduced from 7.60 Crore),Continues to be on credit watch with developing implications Baba Hans Construction Pvt Ltd

LT Bk Fac

CARE BB/Stable 150

Assigned Gail Gas Ltd

Proposed LT/ST Bk CARE

2500

Reaffirmed

Fac

AA/Stable/A1+ Global Ispaat Pvt Ltd

LT BkFac

CARE B-/Stable 328.5 - Issuer Not Cooperating; based on best available information Global Ispaat Pvt Ltd

Long/ST BkFac

CARE

70

-

B-/Stable/A4 Issuer Not Cooperating; based on best available information Ineos Styrolution India Ltd

LT/Shortterm Bk FacCARE A+/Stable 1774

Revised

/A1+

from CARE

AA-; Stable /

CARE A1+ Jal Exports

LT Bk Fac

CARE BB-/Stable123

Assigned Mukteshwar Sugar Mill Ltd

LT Bk Fac

CARE B/Stable 250

Reaffirmed Northern Arc 2019 Mfi Engels

Series A1 PTCs

CARE A (SO)

162.4 Final Rating

Assigned Northern Arc 2019 Mfi Engels

Series A2 PTCs

CARE A- (SO) 4.6

Final Rating

Assigned Prashast Food Products Pvt Ltd

Long- term BkFac CARE BB-/Stable110

Revised from

CARE B+ Precision Automation And Robotics

LT Bk Fac

CARE A/Stable 500

Revised from India Ltd

CARE A+ Precision Automation And Robotics

LT/STBk Fac

CARE

2518

Revised from India Ltd

A/Stable/A1

CARE A+,Short

term rating

reaffirmed (enhanced from 216.80 Crore) Renew Clean Energy Pvt Ltd

LT Bk Fac- LOC

-

-

Withdrawn Rhizome Distilleries Pvt Ltd

Long -term Bk Fac CARE BB-/Stable95

Revised from

CARE BB;

Stable Issuer Not Cooperating; based on best available information Rohan Rajdeep Alappuzha Projects Ltd LT Bk Fac (Fund

-

-

Withdrawn

Based-Proposed) Sar Senapati Santaji Ghorpade Sugar LT Bk Fac

CARE D

2659.7 Revised from Factory Ltd

CARE B- Issuer Not Cooperating; based on best available information Sewa Grih Rin Ltd

LT Bk Fac

CARE

750

Reaffirmed

BBB-/Positive

and outlook

revised (enhanced from 50.00 Crore) Shiva Transport Company

LT Bk Fac

CARE BB-/Stable100

Assigned Shri Samarth Oil Refinery Llp

LT Bk Fac

CARE B

72.5

Revised from

CARE B+ Issuer Not Cooperating; based on best available information Simplex Infrastructures (NS: SINF ) Ltd

LT Bk Fac

CARE D

26000 Revised from

CARE

BB+,Negative Simplex Infrastructures Ltd

NCDs

CARE D

4950

Revised from

CARE

BB+,Negative Simplex Infrastructures Ltd

Long/ST BkFac

CARE D/D

79000 Revised from

CARE

BB+; Negative /CARE A4+ Sumeet Infraventures Pvt Ltd

LT Bk Fac-TL

-

-

Reaffirmed

and Withdrawn Talbros Engineering Ltd

LT Bk Fac

CARE

117.2 Revised from

BBB+/Stable

CARE

A-,Negative Talbros Engineering Ltd

LT/ST Bk Fac

CARE

578

Revised from

BBB+/Stable/A2

CARE

A-,Negative/

CARE A2+ Tgb Banquets And Hotels Ltd

LT BkFac

CARE BB/Stable 110

Reaffirmed Tyre Technocrats (India) Pvt Ltd

LT Bk Fac

-

-

Withdrawn V.K. Valves Pvt Ltd

LT Bk Fac

CARE BB-/Stable40

Reaffirmed Vinci Industrial Corporation.

Long/ ST BkFac

CARE

104

Reaffirmed

B/Stable/A4 Removed from Non Cooperation Vishwa Glass And Ceramic Pvt Ltd

LT Bk Fac

CARE BB+/Stable65

Revised from

CARE

BBB-Stable (Enhanced from 5.00 Crore) Vishwa Glass And Ceramic Pvt Ltd

LT/ ST Bk Fac

CARE

25

Revised from

BB+/Stable/A4+

CARE -------------------------------------------------------------------------------------------- $: Rating watch with positive implication #: Rating Watch with Developing implications @: Rating Watch with Negative Implications %: Rating under Credit Watch wd -Rating Stands Withdrawn sp -Rating Suspended pp -Principal Protected pn -Principal Not Protected CARE may apply + or - signs for ratings to reflect a comparative standing within the category. BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN -Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) - Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture; PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional; PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.